Export Finance and Insurance Corporation (EFIC) is a finance and insurance provider. It offers its services to Australian exporters who want to establish businesses outside of the country but have difficulties because of the financial barriers. Export Finance and Insurance Corporation is the Australian Government's export credit agency. It works directly with the exporters or their banks to meet their needs. EFIC facilitates the execution of the export deals by using its contacts with the financial institutions across the world. Most of the Board members of EFIC are from the private sector. The Chairmen of EFIC is Andrew Mohl who is also director of the Commonwealth Bank of Australia.